% created using textab on Wed Mar 11 21:08:02 2026
\begin{tabular}{lcccccc}
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\midrule 
 & (1) & (2) & (3) & (4) & (5) & (6) \\
 & \multicolumn{3}{c}{Women} & \multicolumn{3}{c}{Men} \\
 \cmidrule(lr){2-4} \cmidrule(lr){5-7} 
 & Control, & Control, & New & Control, & Control, & New \\
 & pooled & weighted & parents & pooled & weighted & parents \\
\midrule 
\emph{Panel A: Owner demographics} &  &  &  &  &  &  \\
Age & 51.7 & 48.6 & 31.2 & 53.1 & 49.9 & 33.6 \\
College education & 0.335 & 0.351 & 0.448 & 0.318 & 0.318 & 0.357 \\
Studied business & 0.218 & 0.204 & 0.191 & 0.179 & 0.167 & 0.202 \\
Any children & 0.882 & 0.871 & 0.000 & 0.884 & 0.867 & 0.000 \\
Married/cohabiting (at time of birth) & 0.650 & 0.666 & 0.861 & 0.730 & 0.719 & 0.879 \\
\midrule 
\emph{Panel B: Firm characteristics} &  &  &  &  &  &  \\
Firm age & 12.5 & 7.1 & 7.1 & 12.6 & 6.3 & 6.4 \\[2pt]
\quad Accommodation and food service & 0.058 & 0.073 & 0.073 & 0.031 & 0.036 & 0.036 \\
\quad Administrative and support service & 0.013 & 0.016 & 0.016 & 0.016 & 0.025 & 0.025 \\
\quad Arts, entertainment, and recreation & 0.011 & 0.021 & 0.021 & 0.009 & 0.018 & 0.018 \\
\quad Construction & 0.036 & 0.029 & 0.029 & 0.143 & 0.162 & 0.162 \\
\quad Education & 0.010 & 0.018 & 0.018 & 0.006 & 0.011 & 0.011 \\
\quad Human health & 0.058 & 0.075 & 0.075 & 0.026 & 0.026 & 0.026 \\
\quad Information and communication & 0.019 & 0.032 & 0.032 & 0.042 & 0.078 & 0.078 \\
\quad Manufacturing & 0.038 & 0.036 & 0.036 & 0.071 & 0.043 & 0.043 \\
\quad Other service & 0.054 & 0.107 & 0.107 & 0.008 & 0.012 & 0.012 \\
\quad Professional, scientific, and technical & 0.147 & 0.147 & 0.147 & 0.158 & 0.126 & 0.126 \\
\quad Real estate & 0.197 & 0.156 & 0.156 & 0.189 & 0.196 & 0.196 \\
\quad Transportation and storage & 0.018 & 0.017 & 0.017 & 0.045 & 0.037 & 0.037 \\
\quad Wholesale and retail trade & 0.336 & 0.259 & 0.259 & 0.230 & 0.197 & 0.197 \\[2pt]
Num. employees (excl. owners) & 3.8 & 3.1 & 3.5 & 4.3 & 3.0 & 3.0 \\
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\emph{Panel C: Balance sheets (thousands of USD)} &  &  &  &  &  &  \\
Profits, mean [median] & 86.0 & 76.7 & 83.7 & 119.5 & 98.1 & 94.7 \\
 & [38.1] & [38.9] & [41.5] & [47.2] & [37.6] & [35.0] \\[2pt]
Revenues & 718.1 & 570.1 & 689.8 & 1,124.4 & 822.1 & 855.6 \\
 & [235.2] & [230.9] & [234.3] & [268.3] & [224.0] & [220.6] \\[2pt]
Costs & 632.0 & 493.3 & 606.1 & 1,004.9 & 723.9 & 761.0 \\
 & [163.4] & [160.4] & [169.4] & [181.4] & [147.8] & [148.6] \\[2pt]
Owner salaries & 30.4 & 41.1 & 41.9 & 34.5 & 40.6 & 41.1 \\
 & [0.0] & [12.3] & [18.8] & [0.0] & [0.0] & [0.0] \\[2pt]
\midrule 
Number of owners & 45,522 & 45,515 & 2,441 & 155,597 & 155,597 & 7,829 \\
Number of firms & 38,096 & 38,136 & 2,986 & 215,499 & 215,475 & 10,990 \\
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\end{tabular}
